The Year End Closing Entries Involve

question 50

Multiple Choice

The year end closing entries involve:

• A) Reversing the entry to record the budget.
• B) Transferring the balances of the activity accounts and of the budgetary accounts to Fund Balance.
• C) Reversing any entries that were made to amend the budget.
• D) All of the above.

---

Definitions:

Demographic Changes

Shifts in the composition of a population over time, including factors like age, race, and gender distributions.

Total Fertility Rate

The average number of children that would be born to a woman over her lifetime, given current birth rates at each age.

African American

A term used to describe Americans of African ancestry, particularly those whose ancestors were enslaved and brought to the United States.

Latino Populations

Communities or demographic groups in the United States consisting of individuals from Latin American countries or backgrounds.